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Mice21 [21]
3 years ago
12

Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo

otball memorabilia outside of the hometown stadium. Their first year went well, but the past two years have been a real struggle. Due to poor economic conditions including loss of jobs, ticket sales at the stadium are down, which has significantly hurt their sales as well. As a recent business school graduate, you explain to Ben and Chris that: A.this type of business is always high risk because it is seasonal B. this business does not fill a sufficient need for most people C. environmental circumstances are dynamic and tough to control D. social enterpreneurs are currently getting most of the attention
Business
1 answer:
wolverine [178]3 years ago
4 0

Answer: Option C

Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.

In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.

Thus, from the above we can conclude that the correct option is C.

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Why is it important to gather facts from a variety of sources so you can make fair, objective decisions before delivering bad ne
snow_tiger [21]

The situation may be disturbing, but solutions should not usually be based on emotion. Your first interpretation of the situation may not be the only valid view.

Don't try to sugarcoat the truth. It's best to be open and honest about what happened and what you're going to do to make it right. Remember that your attitude and the clarity of your message are two very important factors in this conversation. Be open, clear, and honest.

Bad news can be effectively clarified and explained by communicating it directly. D. Verbal communication of bad news includes instructions for later reference by the recipient of the bad news.

It's important to be open, honest, and empathetic. Provide all the facts you have and give your employees the time they need to digest the news and ask questions. Guarantee that you will do your best.

Learn more about  emotion here brainly.com/question/4692301

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3 0
2 years ago
Why is producing a high quality product important to rolls royce ?
Mashcka [7]

Answer:

So the buyer wants the car.

Explanation:

Many people buy a rolls royce due to the high quality and they are on the knowledge that it is manufactured with high quality.

7 0
3 years ago
Prepare the adjusting journal entries that Del GAto Clinic must record as a result of preparing the bank reconciliation
Goshia [24]

Answer:Please refer to the explanations section

Explanation:

Bank Reconciliation is a process where we reconcile Business's cash books Balances and Bank account Balance.

Journal Entries

a. Dr Outstanding Checks $1829

   Cr           Bank (Bank Account Balance)                      $1829

Del Gato Clinic issued checks amounting to $1829 and The Bank has not processed these checks. This means Del Gato's Bank balance doesnot include the effect of these checks. The Bank account balance must be reduced by $1829

b. Dr Bank Charges expense $16

     Cr           Bank (cashbook balance)                         $16

Del Gato Clinic incurred an expense of $16 in Bank charges. Cashbook balance must reduced by $16.

c. Dr Bank (Bank account balance)   $476

   Cr        utility Bill Payment check  $476

   

   Dr Bank (Cashbook balance)   $476

   Cr        utility Bill Payment check   $476

   

check number 919 was cancelled but Del Gato Clinic mistakenly recorded it in the cashbooks and the bank processed the check. We need to adjust both Cash books and Bank account by processing a reversal journal entry debit Bank and credit Utility Bill payment

d. Dr Bank (Bank account balance) $2856

   Cr            Cash receipts        $2856

Del Gato Clinic placed cash receipts after banking hours, The Bank account balance must be increase by $2856 to reflect the effect of the receipts received

   

6 0
3 years ago
Which is true among the following statements on visualization?
Mila [183]

Answer:

d. All people respond better to visual information than text.

Explanation:

  • Visualization refers to an image of an object, situation or event, or any chart in the human mind. Visualization is the creation of a mental image of an object, image or situation in one's mind.
  • Visualization is important in providing creative ideas to customers. It helps users understand the message. Humans respond and process visual data more appropriately than other data.
  • The human brain processes images faster than texts, and most of the information transmitted to the brain is visual. Therefore, people respond better to visual information than text.
5 0
3 years ago
Nivan Co. issued $500,000 of 5 percent, 10-year, callable bonds on January 1, Year 1, at their face value. The call premium was
Sav [38]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $500,000

          To Bond Payable  $500,000

(Being the issuance of the bond is recorded)

On Dec 31

Bond Payable $500,000

Loss on redemption $15,000    ($500,000 × 3%)

          To Cash    ($500,000 × 103%)  $515,000

(Being the redemption of the bond is recorded and the remaining balance or we can say balancing figure is debited to loss on redemption)

8 0
3 years ago
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